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Flex Receives Approval and Authorization for Share Repurchases

Receives shareholder approval to purchase up to 20% of its outstanding shares.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Flex received shareholder approval to purchase up to 20% of its outstanding shares during its Annual General Meeting held on Aug. 16, 2018. Since the beginning of the company’s share repurchase program commencing in the first quarter of fiscal 2011, through the first quarter of fiscal 2019 ended June 29, 2018, the company has repurchased approximately 370.6 million shares for approximately $3.1 billion and retired all of these shares.
 
Under the company’s currently approved share repurchase program, the Board of Directors authorized repurchases of its outstanding ordinary shares for up to $500 million in accordance with the share repurchase mandate approved by the company’s shareholders.

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